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Wednesday, April 25, 2012

Earning Alert -Las Vegas Sands Wavers After Earnings Beat- 4/25/12

Las Vegas Sands (LVS): Q1 EPS of $0.70 beats by $0.11. Revenue of $2.76B (+30.8% Y/Y) beats by $190M. Shares +2.2% AH.
 
Las Vegas Sands (LVS) rose 2.5% immediately after releasing better than expected earnings, but soon began to slip and was down about 1% within 20 minutes.

LVS posted 70 cents of EPS on $2.76 billion in revenue, against expectations for 58 cents of EPS on $2.59 billion in revenue. Las Vegas casino revenue jumped 91%, and the company saw strong growth at its Macau and Singapore properties

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